Sonali Basak @sonalibasak Twitter profile

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@stw_pdg

Sonali Basak

@sonalibasak

2 years

Your first year as a trucker for Walmart is the same as your first year as a junior banker in pay.

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Sonali Basak

@sonalibasak

3 years

In a room full of hedge fund managers: About the same amount own Bitcoin as those who own gold.

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Sonali Basak

@sonalibasak

2 years

Coinbase CEO on the unlikelihood of a deal with FTX: "I had a number of conversations with people over the last 24 hours, & there's reasons why that would not make sense & we're not quite at liberty to share the details right now... it'll probably all come out eventually"

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Sonali Basak

@sonalibasak

24 days

Call me crazy — but why would the Fed intervene in what’s looking a lot like a hoard of funds getting burned from levering up through carry trades?

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Sonali Basak

@sonalibasak

2 years

*ELON MUSK TERMINATES TWITTER MERGER AGREEMENT

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Sonali Basak

@sonalibasak

3 years

*COINBASE: ETHEREUM TRADING VOLUMES SURPASSED BITCOIN DURING 2Q

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Sonali Basak

@sonalibasak

3 years

*JPMORGAN RAISES CEO DIMON'S PAY 10% TO $34.5 MILLION FOR 2021 Banker pay…

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Sonali Basak

@sonalibasak

2 years

Indian princessing for the first time in a long time 👸🏽

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Sonali Basak

@sonalibasak

5 months

Bank of America's finance chief: "We’re all struck by just the sheer amount of cash on the sidelines at this point.”

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Sonali Basak

@sonalibasak

1 year

*ROKU: 26% OF TOTAL CASH, CASH EQUIVALENTS HELD WITH SVB

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Sonali Basak

@sonalibasak

5 months

It’s official: year 10. @business

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Sonali Basak

@sonalibasak

2 years

Lightning Labs, run by @starkness & backed by @jack , announces a new protocol — Taro — that makes fiat to Bitcoin transfers faster, cheaper @lightning also brings in new investors including Valor, Brevan Howard and @vladtenev as it seeks to “Bitcoinize the dollar”

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Sonali Basak

@sonalibasak

7 months

A bit of a height difference here…

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Sonali Basak

@sonalibasak

2 years

DIMON: Crypto tokens are "decentralized Ponzi schemes"

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Sonali Basak

@sonalibasak

4 years

It’s real!

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Sonali Basak

@sonalibasak

4 years

UPDATE: Sonali Basak is finally, officially, after so many years, done completely with NYU!!!!!! And fully inked two specializations -- which means nothing in real life -- but nice to say the journalist majored in corporate finance & quantitative finance. Now back to real life.

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Sonali Basak

@sonalibasak

2 years

In exactly two weeks, my pup will have been home from rescue for one whole year. He’s my Christmas and all the happiness in my new year. Happy almost one year baby dog 🦊

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Sonali Basak

@sonalibasak

4 years

I wrote something strangely personal. After taking on a significant amount of debt and spending three years of my life in school at night — was it worth it? My classmates have surprised me deeply.

The Value of My $150,000 MBA Is Now in Question

We thought we were on top of the world. Now my MBA class and I are reassessing our futures.

www.bloomberg.com

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Sonali Basak

@sonalibasak

2 years

@Brian_armstrong says: Coinbase is seeing "good inflows and activity on the platform, as you can probably imagine" "We're definitely seeing increased activity"

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Sonali Basak

@sonalibasak

2 years

*CRYPTO FIRM GENESIS FILES FOR CHAPTER 11 BANKRUPTCY IN SDNY

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Sonali Basak

@sonalibasak

10 months

TOMORROW: I have an hourlong exclusive that we are broadcasting live for @BloombergTV with Citadel founder Ken Griffin, whose hedge fund recently surpassed Bridgewater as the world’s most profitable. Send questions!! There’s a lot on the agenda…

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Sonali Basak

@sonalibasak

2 years

"Binance I'm sure is looking at the details of this transaction as well to see if it makes sense for them... it may be a bad situation if this deal doesn't go through for the customers involved, and so I have a lot of sympathy for that." @brian_armstrong tells @emilychangtv

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Sonali Basak

@sonalibasak

3 years

Snacks are BACK at the pantry at Bloomberg LP

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Sonali Basak

@sonalibasak

2 years

😳 I’m turning 32 tomorrow.

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Sonali Basak

@sonalibasak

2 years

THIS WOMAN IS GREEN CARDED!!!!! 🇺🇸🇺🇸🇺🇸 @CarolineHydeTV

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Sonali Basak

@sonalibasak

5 years

CAREER NEWS: I'm going to be working with @BloombergTV and radio to break news across the finance industry. The best part: I get two desks (!) to stay embedded with our state of the art finance team. Very excited to be part of a team that breaks news across platforms @business .

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Sonali Basak

@sonalibasak

1 year

What a week!!! A huge honor to open & close the Invest conference for @BloombergLive - I mean it when I say it’s my favorite thing to do all year. I hope you can catch clips over the weekend, there was a lot to take away. Now for vacation. See you guys in a week. 📸 @business

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Sonali Basak

@sonalibasak

5 months

🤯The average FICO score for Bank of America's customers are way higher than the national average. For the car business alone, the average FICO is above 800. The average FICO for a Bank of America consumer credit card is 777 and has been drifting higher over a number of

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Sonali Basak

@sonalibasak

3 years

This is why @starkness believes Bitcoin is the ultimate cryptocurrency. cc: @jack @lightning IMO: one of the most telling interviews of the week.

Bloomberg Live

@BloombergLive

3 years

"We are focused on #Bitcoin and that's because of the network effect that Bitcoin has. Bitcoin has the most security on the blockchain today, the most users, the most liquidity and the most value." @lightning CEO @starkness tells @sonalibasak #FinInnovationSummit

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Sonali Basak

@sonalibasak

3 years

Devastation at Credit Suisse: — Top ranks gutted, >half dozen executives exiting — More than a year’s worth of profit wiped out in a quarter — Buybacks AND dividend compromised — Risk of a credit downgrade, more counterparty issues — Open to lawsuits

Credit Suisse Emerges as Archegos Loser With $4.7 Billion Hit

Credit Suisse Group AG emerged as the big loser in global investment banks’ race to the exits following the implosion of Archegos Capital Management, with the fiasco leading to a quarterly loss and a...

www.bloomberg.com

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Sonali Basak

@sonalibasak

4 years

... Snowflake — on its first day of trading — is worth about much as its lead banker, Goldman Sachs.

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Sonali Basak

@sonalibasak

2 years

Dog days are the best days 🐾

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Sonali Basak

@sonalibasak

1 year

More distance, more ways to travel

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Sonali Basak

@sonalibasak

2 years

Before and after. Continuing to cook my way through 2023…

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Sonali Basak

@sonalibasak

3 years

Gentle reminder of rule No. 1: Always be kind. People are going through a lot right now.

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Sonali Basak

@sonalibasak

1 year

Burning question: If the FDIC puts First Republic into receivership — what becomes of the depositors, many of which are now the nation’s big banks? Is there a systemic risk exemption here?

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Sonali Basak

@sonalibasak

2 years

*TWITTER HALTED FOR NEWS PENDING

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Sonali Basak

@sonalibasak

5 months

OK OK fine even bigger announcement -- it's also... my birthday. One should not be allowed to have days this fun. I'm swimming in bagels, cupcakes and pasta, might be in too much of a food coma to make it in tomorrow.

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Sonali Basak

@sonalibasak

10 months

“But remember when a credit bubble pops, remember what a deflationary event that is. It’s like taking a giant pile of cash and lighting it on fire.” Some very contrarian views coming out of Universa, the Black Swan fund advised by @nntaleb

Black Swan Fund Manager Says Start Worrying When Fed Cuts Rates

Mark Spitznagel, the Universa Investments founder and chief investment officer whose firm is advised by Black Swan author Nassim Nicholas Taleb, said the stock market is likely to surge — then turn...

www.bloomberg.com

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Sonali Basak

@sonalibasak

3 years

Dear Twitter, meet our newest loved one, Loki. He’s 18 lbs and 10 months old. We brought him home from the shelter today. We are excited to travel through time with him. ❤️❤️

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Sonali Basak

@sonalibasak

1 year

A moment in time 11 Madison, 3.20.23 📸 @DiasiaJRobinson

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Sonali Basak

@sonalibasak

1 year

Remember Volcker once said the room to tighten financial conditions evaporated after a bank reached the point of needing government support Rates were cut within six months at that time Interesting parallels throughout this piece by @huwsteenis @FT

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Sonali Basak

@sonalibasak

4 years

“I’m sure Warren Buffett is a great guy but when it comes to stocks he’s washed up." Love this story by @sooo__phie and @kgreifeld on @stoolpresidente -

Barstool Sports’ Portnoy Is Leading an Army of Day Traders

Barstool Sports’ Dave Portnoy had bought just one stock in his life before the quarantine hit. When the country shut down in March, canceling sports and sports betting, the founder of the brash media...

www.bloomberg.com

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Sonali Basak

@sonalibasak

4 years

*AIRBNB INDICATED TO OPEN AT $145; IPO PRICED AT $68 Company's CEO is literally speechless on @BloombergTV -- the first time he heard of the price surge. "I don't know what else to say," Brian Chesky tells @emilychangtv . "The higher the stock price, the higher the expectations"

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Sonali Basak

@sonalibasak

1 year

(Pace yourselves - it’s going to be a long week everyone)

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Sonali Basak

@sonalibasak

2 years

*APPLE INTRODUCES HIGH-YIELD SAVINGS ACCOUNT WITH GOLDMAN SACHS

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Sonali Basak

@sonalibasak

11 months

Perception

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Sonali Basak

@sonalibasak

2 years

Bloomberg HQ - we rise before the sun

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Sonali Basak

@sonalibasak

5 months

Sometimes we do TV. Sometimes we do mountainous beach weeks instead.

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Sonali Basak

@sonalibasak

1 year

Holding down the ⁦ @BloombergTV ⁩ fort with the GOAT ⁦ @kgreifeld ⁩ 🔥

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Sonali Basak

@sonalibasak

8 months

Santa came early this year 🎄

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Sonali Basak

@sonalibasak

8 months

Feeling emotional 🥹 This month marks my 10th year at @business -- what a ride. From breaking news on massive changes at the biggest banks & PE firms, being on the team that broke the news of the plunging valuation of WeWork and on developments across the Bitcoin world just to

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Sonali Basak

@sonalibasak

5 years

After THREE years of spending nights in class 2-3 times a week and weekends locked up studying - I finished my LAST CLASS in business school specializing in corporate and quantitative finance. Yes I still have one more big exam but oh my goodness do I finally have my life back!!

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Sonali Basak

@sonalibasak

1 year

Feeling quite loved!!! This birthday is going to last me until the end of the month

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Sonali Basak

@sonalibasak

1 year

HSBC shares trading in Hong Kong...

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Sonali Basak

@sonalibasak

2 years

Decided my halloween costume is “Traveling for work Barbie” Plus a strong decision to go trick or treating at the nearest MIA bar

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Sonali Basak

@sonalibasak

1 year

Small girl, big statue

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Sonali Basak

@sonalibasak

2 years

Charlie Munger rails on Robinhood: "It came out, it went public," he said. "All the short term gambling, and big commissions, and hidden kickbacks, and so on and so on. It was disgusting." "Now it's unravelling, God is getting just"

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Sonali Basak

@sonalibasak

1 year

!! So it's almost my birthday -- and I'm realizing, I've worked in newsrooms for now more than half of my existence.

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Sonali Basak

@sonalibasak

1 year

🚨 Read out from a Treasury official — a worry that there are “some institutions” with similar issues to SVB

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Sonali Basak

@sonalibasak

1 year

Details on the how the bank run was set off at SVB, according to California financial regulator What a crisis of confidence looks like

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Sonali Basak

@sonalibasak

1 year

Beautiful places

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Sonali Basak

@sonalibasak

11 months

NEWS: Starting tomorrow, I'll be anchoring Real Yield on @BloombergTV at 1:00 p.m. New York time every Friday. I hope you'll end the week with me, every week ☀️ Rates have been on a rollercoaster -- & big banks including JPMorgan start reporting tomorrow. Big day.

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Sonali Basak

@sonalibasak

1 year

Omg everyone give your friendly neighborhood banking reporter a hug

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Sonali Basak

@sonalibasak

1 year

*SOME ASIAN BANKS' ADDITIONAL TIER 1 DOLLAR BONDS DROP BY RECORD Europe will be interesting open

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Sonali Basak

@sonalibasak

1 year

Once met the legend at one of the most awesome times, just after his duet album was taped with Lady Gaga Your version of cheek to cheek tonight Tony 🥂 rest in peace

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Sonali Basak

@sonalibasak

2 years

Credit Suisse today is worth less than Coinbase (The Swiss bank started in the 1800s, the latter is a decade old. Both firms have faced steep stock price declines this year)

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Sonali Basak

@sonalibasak

2 years

We here! @kaileyleinz

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Sonali Basak

@sonalibasak

5 months

What feels better than a set of new specs??? 🤓

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Sonali Basak

@sonalibasak

2 years

PROFESSIONAL NEWS: Almost seven years ago, I started a little email list among my sources. It became a newsletter with tens of thousands of readers Now I’m merging into a new newsletter published by the iconic Bloomberg Businessweek Details👇🏼 & sign up:

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Sonali Basak

@sonalibasak

1 year

There’s a lot happening here @itsmarkmoran @alexandraandnyc @fintechfrank

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Sonali Basak

@sonalibasak

11 months

Finally stopped raining - couple of very happy New Yorkers ☀️

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Sonali Basak

@sonalibasak

1 year

Love a Saturday morning

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Sonali Basak

@sonalibasak

3 years

There’s your inflation...

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Sonali Basak

@sonalibasak

6 months

Highly recommend the random day off on the middle of the week once in a while. I am in heaven.

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Sonali Basak

@sonalibasak

2 years

Now vacation ❤️ see you all Monday

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Sonali Basak

@sonalibasak

3 years

HUGE party going on this NYE 😂

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Sonali Basak

@sonalibasak

2 years

TRADER'S SCORECARD: Fixed income JPM $4.5 -- beat MS $2.2 billion -- beat C $3.1 billion -- in line Equities JPM $2.3 billion -- miss MS $2.5 billion -- miss Citigroup $1 billion - small beat et tu, Goldman Sachs?

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Sonali Basak

@sonalibasak

2 months

NEWS: Hitching my days to these two stars @kgreifeld & @mattmiller1973 — Our new show, Bloomberg Open Interest, starts MONDAY. Keep your 9-11 am hours open for as far as your eyes can see and your calendars will go.

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Sonali Basak

@sonalibasak

2 years

*APOLLO SAID UNLIKELY TO PARTICIPATE IN GENESIS FUNDRAISING

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Sonali Basak

@sonalibasak

1 year

Wanted to be a correspondent focused on only food in a different life

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Sonali Basak

@sonalibasak

2 years

*S&P 500 ENDS WEEK DOWN 5.8%, BIGGEST PLUNGE SINCE MARCH 2020

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Sonali Basak

@sonalibasak

1 year

This is a big take Apollo’s Torsten Slok

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Sonali Basak

@sonalibasak

1 year

Pace yourselves people. This is going to be a long week.

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Sonali Basak

@sonalibasak

2 years

He’s made it off leash for his first hike ever!!!!!! Huge day, big swim, all smiles 🐾

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Sonali Basak

@sonalibasak

2 years

Bye DC! I thought you were pretty alright, hope to see you again soon 👋👋👋

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Sonali Basak

@sonalibasak

1 year

Get to spend the afternoon with my hero @scarletfu

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Sonali Basak

@sonalibasak

3 years

“The Dao is the source of all things.” DAOs are the focus of our @QuickTake deep dive tomorrow — tune in around 9:00 am ET & we’ll talk to Bloomberg’s @charliewwells , Gauntlet’s @tarunchitra and @WillPapper of @SyndicateDAO . Send questions.

How to Get the Hottest Crypto Jobs: Start by Working With a DAO

Decentralized autonomous organizations are turning into training grounds — and poaching arenas — for talent as job seekers turn away from conventional finance.

www.bloomberg.com

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Sonali Basak

@sonalibasak

3 years

There’s Covid-19, climate change and there are constant worries about the long term. There are meme stocks and crypto price swings, crackdowns in China and there is sparring in Washington. When we speak to large investors, the biggest risks go past all of these things…

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Sonali Basak

@sonalibasak

1 year

New York City runs.

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Sonali Basak

@sonalibasak

3 months

Melo @SALTConference Investor conferences look a little different these days

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Sonali Basak

@sonalibasak

5 months

BACK IN ACTION - ⁦ @BloombergTV ⁩ ⁦ @timsteno ⁩

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Sonali Basak

@sonalibasak

1 year

Nothing like taking the town with your partner in crime in journalism @Kamaron Coming to raid all Wall Street offices near you

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Sonali Basak

@sonalibasak

1 year

Let’s go people let’s finish up these bank earnings ☀️ see you bright & early!!

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Sonali Basak

@sonalibasak

4 years

I mean - Morgan Stanley's quarter was so good that revenue surpassed its best ever quarter by 21%.

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Sonali Basak

@sonalibasak

1 year

One way to do it ⛅️

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Sonali Basak

@sonalibasak

1 year

This DOES NOT automatically mean GBTC is immediately converting into an ETF. It just means -- as the court states -- that the SEC failed to explain why it approved Bitcoin futures ETPs and not the Grayscale's proposed product. There is a process ahead...

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Sonali Basak

@sonalibasak

8 months

You have no idea.

Jim Bianco

@biancoresearch

8 months

S&P 500 all-time closing high January 3, 2022: 4,796.56 Today's intraday high: 4,792.26 Some intern at Bloomberg has been stuck at their desk all day waiting for 4,796.57 to print so they can hit enter on this screaming red headline: * S&P500 EXCEEDS JANUARY 2, 2022 CLOSING

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Sonali Basak

@sonalibasak

3 years

There really are some people who are endlessly positive, kind and upbeat. When you find them, keep them close.

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Sonali Basak

@sonalibasak

2 years

Can you be too obsessed with your dog?

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